MNI China Daily Summary: Friday, March 8

MNI BRIEF: Japan Feb Sentiment, Outlook Indexes Rise

MNI: PBOC Conducts CNY10 Bln Via OMO Fri; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0978 Fri; -3.17% Y/Y

CHINA PBOC INJECTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0978 FRI VS 7.1002

Q4 Accounts Underscore Need For Q1 Data Before Easing Begins

MNI: EUROZONE Q4 GDP +0% Q/Q, +0.1% Y/Y

February Business Survey Supports Earlier Rate Cuts

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

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(Z0) Eyeing Key Resistance

BUND TECHS
  • RES 4: 175.23 1.00 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 3: 175.08 High Aug 4 and the bull trigger
  • RES 2: 174.97 High Oct 2 and key near-term resistance
  • RES 1: 174.86 High Oct 10
  • PRICE: 174.72 @ 04:49 BST Oct 12
  • SUP 1: 173.93 Low Oct 7
  • SUP 2: 173.74 Low Sep 17
  • SUP 3: 173.61 50.0% retracement of the Aug 28 - Oct 2 high
  • SUP 4: 173.28 61.8% retracement of the Aug 28 - Oct 2 high

Bund futures found support last week at 173.93, Oct 7 low easing recent bearish pressure. The move higher refocuses attention on 174.97, Oct 2 high where a break would improve short-term conditions and open the key resistance and bull trigger at 175.08, Aug 4 high. Clearance of 175.08 would confirm a resumption of the broader uptrend. Key support is at 173.93, a move through this level would be bearish.

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